28
Jan
18:28
Higher oil prices could impact US OCTG market
Rising oil prices could intensify the volatility the US energy tubulars market has experienced over the last several decades.
Morgan Stanley analysts are predicting the price of crude oil to hit $100/barrel this year on higher consumption, dwindling inventories, and low spare capacity. The Brent crude price, which hasn’t seen the $100-mark since 2014, hit $90/barrel on Friday.
Should oil hit such a high point, drilling activity should increase, and with it,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous